Andy Thomson
The link-up is the second of its type for Natixis after it previously launched a similar platform with Ageas at the end of last year.
The UK-based infrastructure and private equity fund manager has announced the issuance of a solar bond to be listed on the London Stock Exchange.
The European Union-focused fund manager has acquired 22.5% of the 288-megawatt Butendiek project. Danish pensions Industriens Pension and PKA, plus Germany’s Siemens Financial Services, have also purchased 22.5% stakes.
Research from EDHEC Risk Institute, part of France’s EDHEC Business School, suggests that construction risk is a desirable exposure for infrastructure debt investors and should not be ‘pushed out of sight’ as a public sector liability.
The European Union-focused fund manager is part of a joint venture with Suez Environnement subsidiary SITA Polska which has been named preferred bidder for a landmark deal in the Polish city of Poznan.
Rete Rinnovabile, an Italian solar power business owned by private equity group Terra Firma, has acquired 31 solar plants from Acea, the listed Italian public utility. The deal has an enterprise value north of €100m.
European infrastructure investors may well be hoping the UK fails to get its way in the battle over the EU budget
Australia’s busiest airport, which is run by former Macquarie executives, has raised more than A$1bn in senior debt facilities, addressing all of its debt that was scheduled to mature next year. The refinancing confirmed the airport’s BBB credit rating.
European infrastructure investors may well be hoping the UK fails to get its way in the battle over the EU budget.
The new procurement model set to be unveiled in the UK Chancellor’s autumn statement may not herald the flow of new projects that private investors are hoping for. Introducing more widespread charging on the country’s roads could change that, but would constitute political dynamite.